27.01.22 Daily [Andhra Pradesh] APPSC Current Affairs

The 2022-23Unionbudget makes a wide spectrum of allocations for the premier educational institutes ofAndhra Pradesh. A sum of 150 crore has been earmarked for Indian Institute of Petroleum and Energy,Visakhapatnam.

This is the highest ever annual allocation for the institute since its inception in 2016. Central University, Andhra Pradesh has been sanctioned 56.6 crore as budgetary support. Andhra Pradesh Central Tribal University, being operated from Vizianagaram, may get 22 crore as its share as 44 crore has been allocated for the tribal universities of Andhra Pradesh and .

The Indian Institute Of Management (IIM)-Visakhapatnam is already getting funds through the Higher Education Financing Agency (HEFA) as the Union ministry of education entered into an agreement with the HEFA for release of funds to the IIM-V in 2018. Thus, no separate allocation has been made for this premier business school.

As per the Andhra Pradesh Reorganisation Act, 2014, the Union Government sanctioned about several national institutions to Andhra Pradesh, including IIM-Visakhapatnam, IIPE and Tribal University to north-coastal Andhra Pradesh. Permanent campuses of these institutions are in various phases of execution. IIM-Vizag is expected to move into its permanent campus in Gambheeram this year, while the IIPE has recently got land for construction of a permanent campus. A place for the permanent campus of tribal university is yet to be finalised in Vizianagaram district.

In December 2021, India’s electronic goods exports totaled USD 1.67 billion. It increased by 33.99 percent compared to December 2020 exports of USD 1.25 billion.

Highlights:

From April to December 2021, the electronic sector’s exports increased by 49 percent, reaching USD 11.0 billion, up from USD 7.4 billion in 2020.

Exports of Electronic Goods increased by 26% and 131 percent, respectively, from USD 8.8 billion in April-December 2019 to USD 4.8 billion in April-December 2014.

Mobile phones account for a significant portion of India’s electronic goods exports.

IT Hardware, such as laptops and tablets; Industrial electronics; Consumer electronics, such as TVs and audio; LED Lighting; Strategic electronics, Auto electronics, electronic components, Telecom equipment, wearables, and audio devices; and Strategic electronics, Auto electronics, electronic components, Telecom equipment, wearables, and audio devices.

Bharti Airtel and Google have launched long-term cooperation to help India’s digital ecosystem grow faster.

Highlights:

Bharti Airtel and Google have launched long-term cooperation to help India’s digital ecosystem grow faster.

Google would spend $1 billion in Airtel as part of the agreement. Google would invest USD 700 million to acquire a 1.28 percent interest in Bharti Airtel Ltd.

The remaining USD 300 million will be used to fund multi-year commercial agreements with Airtel, including products developed in collaboration between the two tech giants.

HDFC Bank is voted Best Private Bank in India at the Global Private Banking Awards 2021.

Highlights:

At the ‘Global Private Banking Awards 2021,’ organized by Professional Wealth Management (PWM) in a virtual ceremony, HDFC Bank was voted the ‘Best Private Bank’ in India.

The Financial Times Group publishes PWM, a wealth management magazine. The prize was presented to assist in accelerating significant trends, such as digitization, Communication, and in ESG initiatives (environmental, social, and Governance).

PWM received over 120 submissions for the Global Private Banking Awards 2021, of which 16 judges judged from four continents.

According to the World Gold Council, global gold demand jumps 10% to 4,021 tonnes.

Highlights:

According to the World Gold Council’s (WGC) publication ‘Gold Demand Trends 2021,’ worldwide gold demand increased 10% to 4,021.3 tonnes in 2021.

Overall gold demand in 2020 was 3,658.8 tonnes, which was impacted by the Covid-19-related interruptions.

The demand for gold was driven mainly by central bank purchases in the fourth quarter of 2021 and a rebound in jewelry purchasing, primarily in India and China.

On the back of improved consumer optimism and pent-up demand following the Covid-19-related disruptions, India’s gold consumption increased to 797.3 tonnes in 2021. The optimistic trend is expected to continue this year.

The World Rapid Chess Championship 2021 was won by Nodirbek Abdusattorov.

Highlights:

Nodirbek Abdusattorov (Uzbekistan) defeated Ian Nepomniachtchi (Russia) in a tiebreaker to win the World Rapid Chess Championship 2021 and dethrone Magnus Carlsen, the current World Number 1.

Magnus Carlsen won the FIDE Championship in 2020. Nodirbek took Home the title and a $60,000 prize after losing only one match to Ukrainian Anton Korobov and tying in five others.

The Mard Uglon (“Brave Son”) Presidential medal was presented to the Uzbeki Grand Master (GM).